1. Disclosure of related party transactions:

A. Wholly owned Subsidiary Nupur Finvest Pvt. Limited

B. List of related parties and relationship

Related Party (Relation)

Key Managerial Personnel

Mr. Sunil Agarwal (Managing Director)

Mr. Harish Singh (Executive Director)

Mr. Anoop Krishna (Executive Director)

Relatives of K M P

Mr. Purushottam Agrawal (Father of Mr. Sunil Agarwal)

Mrs. Raj Agarwal (Mother of Mr. Sunil Agarwal)

Mrs. Neetu Agarwal (Spouse of Mr. Sunil Agarwal)

Mrs. Priti Chauhan (Spouse of Mr. Harish Singh)

Mrs. Sushila Devi Chauhan (Mother of Mr. Harish Singh)

Ms. Suniti Agarwal (Daughter of Mr. Sunil Agarwal)

Mr. Shantanu Agarwal (Son of Mr. Sunil Agarwal)

Mr. Pranav Chauhan (Son of Mr. Harish Singh)

C. Enterprises over which significant influence exercised by Key Managerial Personnel/Relatives of Key Managerial Personnel

1. Agarwal Meadows Pvt. Limited 2. Aerotech Aviation India Pvt. Limited

3. Baba Herbals Pvt. Limited 4. Bhavya Electronics and Networks Pvt. Limited

5. Diamond Infradev Pvt. Limited 6. Helios Aviation Pvt. Limited

7. Repartee Infrastructures Pvt. Limited 8. Radiance Techno Powers Company Pvt. Limited

9. SCS Educational Foundation 10. Raj Shiksha Foundation

1 1. Sunil Agarwal HUF 12. Harish Singh HUF

13. P N Agarwal & Sons HUF

Notes:

1. Related party relationship is as identified by the Company on the basis of information available with them and accepted by the auditors as correct.

2. No amount has been written off or written back during the year in respect of debt due from or to related parties.

3. Company has entered into transactions with certain parties as listed above during the year under consideration. Full disclosures have been made and the Board considers such transactions to be in normal course of business and at rates agreed between the parties.

4. The key management personnel and their relatives have given personal guarantees and collaterals for loans raised by the Company but Company has not provided any guarantee to these persons nor paid any consideration for furnishing such guarantees.

The management has recognized the Decretal Amount as asset and it is classified under the head ‘Current Assets’ as ‘Arbitration Decree Receivable’ and I00% provision is made against such assets under the head Short Term Provisions. However there is no income accrued or received from such assets during the year.

5. The Company had not taken any exposure in Derivatives during the financial year 2017-18.

6. Disclosure relating to Securitization:

i. The Company has not done securitization of any of its loans & advances to any organization during the financial year 2017-18 and there is no outstanding amount as on Balance Sheet date. Also, the Company has not sold its financial assets to any Securitization/Reconstruction Company for Asset Reconstruction. Further the Company has not undertaken any new assignment transaction during the Financial Year 20I7-I8.

ii. The Company has not purchased any non-performing assets (NPAs) from other NBFCs or financial institutions. However, the Company has repurchased portfolio of ?93.37 Crore from NBFC’s wherein Decree has been awarded against '65.02 crore by the Arbitrator.

iii. Details of stock sold during the year

b. Capital Market Exposure

The company has not taken any exposure in capital market during the financial year 2017-18, and also the inventory of the company as at 3I^st March 20I8 does not contain any exposure to capital market

c. Details of financing of parent company products : NIL

d. Details of Single Borrower Limit and Group Borrower Limit exceeded by NBFC

The company has adhered to the Prudential Exposure norms as prescribed by RBI and has not given any advances exceeding the limits as prescribed for Single borrower and Group Borrower.

e. Unsecured Advances

The unsecured advances outstanding as at Balance Sheet date are ' 22,259 Lakhs. The Company does not have any loan or advances which are partially secured against any sort of licenses, rights, authorizations charged to the company.

7. Registration obtained from other financial sector regulators:

RBI Registration No. : B-14.02997

Company Identification No. : L6592IDLI992PLCI20483

The company has never been penalized for any non-compliance by financial sector regulators.

8. Bank borrowings of the Company has been assigned rating of “IND A-” by M/s India Ratings & Research Private Limited (A Fitch Group Company) which denotes “Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk”. An additional strength to the Company financials has been added by vouching & assignment of “IVR A/STABLE OUTLOOK” rating by Infomerics Valuation and Rating Private Limited.

9. Unlisted Unsecured Non-Convertible Redeemable Debentures (NCDs):

On 23^rd January 20I8 Company has made allotments of ‘I2.00% Unlisted Unsecured Redeemable INR Denominated Non-Cumulative Non-Convertible Debenture’ of 'I,00,00,000/-(Rupees One Crore) each for an aggregating amount of '28,00,00,000/- (Rupees Twenty Eight Crores). Term of such NCDs is 60 months from the date of allotment with the call option available with the Company to redeem NCDs after expiry of One Year from the date of allotment in full or part as may be decided by the Board of Directors of the Company.

10. Concentration of Deposits, Advances, Exposures and NPAs:

a. Concentration of Deposits

The Company has not taken any deposits from public

d. Concentration of NPAs

Provisioning for Substandard Assets/Doubtful Assets/Loss Assets has been made in compliance with the directions of Reserve Bank of India. As per decision of the Board of Directors in the cases where loan instalments are overdue for more than 3 months and management is of the opinion that its recovery chances are very remote or negligible, the Company writes off these accounts (Net of Future Interest Charges) as bad debts. In all other cases where loan instalments are overdue for more than 3 months the provisioning for non-performing assets is made in compliance with Non-Banking Financial Company Systemically Important Non Deposit Taking Company and Deposit Taking Company (Reserve Bank) Directions 20I6, as applicable to the company. As per the RBI Directions dated I^st September 20I6 updated as on 23^rd February 20I8 Company has made general provision of 0.40% of Standard assets. Other directives of Reserve Bank of India have been duly complied with.

11. The Company is domiciled in India and does not have any joint venture, associate or subsidiary abroad.

12. Off Balance Sheet SPVs sponsored:

The Company has not sponsored off Balance Sheet SPVs

Notes:

1. Provisioning norms shall be applicable as prescribed in the Non-Banking Financial Company-Systemically Important Non-Deposit Taking Company and Deposit Taking Company (Reserve Bank) Direction, 20I6.

2. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However, market value in respect of quoted investments and break up/fair value/NAV in respect of unquoted investments shall be disclosed irrespective of whether they are classified as long term or current in column (5) above.